PPP Loan Data — Richard A Reynolds, DBA, Conroe, TX
Richard A Reynolds, DBA is a sole proprietorship located at 12146 Kimberly Trace in Conroe, Texas that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Capital One, National Association
Richard A Reynolds, DBA in Conroe, TX received a Paycheck Protection Loan of $25,300 through Capital One, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Richard A Reynolds, DBA's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,360 per employee1
Reported PPP Proceed Usage:
On the PPP application, Richard A Reynolds, DBA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Richard A Reynolds, DBA in Conroe, TX
12146 Kimberly Trace
Conroe, TX 77304
Finish Carpentry Contractors
NAICS code 238350
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Conroe
In the Conroe area, 5 businesses in the "Finish Carpentry Contractors" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $18,447 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 28,703 businesses in the "Finish Carpentry Contractors" industry received a total of $1.11B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 4 employees, the same amount reported by Richard A Reynolds, DBA and received an average PPP loan of $38,555, 52% higher than this company's loan of $25,300.
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